Panorays vs Black Kite

Compare the capabilities and features of Panorays and Black Kite. See which solution performs best across a range of categories.

Did you know UpGuard was voted #1 on G2 and has been for over two years?

Panorays vs Black Kite

See how they compare side-by-side.

Panorays vs Black Kite
Category UpGuard Panorays Black Kite
General summary
UpGuard manages cyber risk everywhere it lives: your vendors, your internet-facing attack surface, and your workforce. You get one platform that connects all three risk areas instead of separate tools and spreadsheets stitched together. A risk in one surfaces in the others automatically. A breached vendor flags your own exposure. A leaked employee credential links straight to the account and the vendor involved. AI handles the repetitive work of triaging alerts, reviewing vendor evidence, and completing questionnaires. That means lean security teams can run programs that would otherwise need much bigger teams. UpGuard fits mid-market teams, deploys quickly, and slots in without replacing what you already have.
Panorays is an IT Vendor Risk Management solution focused on security ratings, vendor assessments, and automated questionnaire workflows. It combines external attack surface monitoring and vendor risk questionnaires, delivering comprehensive visibility into vendor security postures. Panorays specializes in providing clear, unified security ratings and simplifying the vendor onboarding process, though it lacks fully real-time monitoring capabilities.
Black Kite is a third-party cyber risk management platform emphasizing external risk visibility, financial impact modeling, and compliance automation. Black Kite uses non-intrusive OSINT-based scans to discover assets and vulnerabilities, presenting findings as easy-to-read letter grades. However, by excluding critical TPRM workflows, Black Kite's potential for effective third-party risk management is significantly limited.
Key strengths
UpGuard unifies vendor, attack surface, and workforce risk in one console. Customers describe finally seeing the whole picture, rather than paying for three tools that each cover only part of it. UpGuard also surfaces exposures that ratings tools and scanners miss, without the multi-week delay of a typical scan cycle. Lean teams can run the entire program without expanding headcount or adding a managed service.
Panorays excels in automated questionnaire workflows, simplifying vendor assessments and onboarding processes. Its unified security rating system effectively quantifies external and internal vendor risks, delivering valuable insights to executive stakeholders. The platform integrates external scans, questionnaires, and certifications into auditable security attestations.
Black Kite takes a diverse approach to cyber risk quantification with a methodology heavily based on the Open FAIR™ standard. This allows Black Kite to derive their varying cyber risk insights from a consistent quantification base.
Key weaknesses
UpGuard focuses on managing live, connected risk, not heavy, standalone compliance software. Full governance features, including policy and controls management, arrive later this year. Teams that need a mature governance, risk, and compliance (GRC) system of record today can run UpGuard alongside one for now. UpGuard also doesn’t translate risk into dollar figures. If financial risk quantification is a must-have, factor that into your evaluation.
Panorays underperforms in its reporting capabilities, offering limited options for customizing reports and dashboards. The platform does not natively support TPRM workflows, forcing customers to purchase additional tools to fill TPRM process gaps.
Black Kite does not offer vendor questionnaires or risk assessments as part of their solution offerings. While Black Kite's quantification-forward approach may be sufficient for some, customers with requirements for vendor security reviews and assurance documents for compliance needs will likely require an additional solution for this capability.
Usability and learning curve
Teams deploy quickly and get up and running without an extended onboarding period. New employees can learn the interface without lengthy training. A single console consolidates workflows that would otherwise require multiple tools, reducing the ongoing burden of learning and maintaining separate systems. Operating the platform doesn’t require a professional services engagement.
Panorays offers a user-friendly platform with automated workflows and straightforward vendor onboarding, making it relatively easy for teams to adopt. However, the complex structure of optional questionnaire responses and segmented refresh rates for monitoring can introduce minor learning curve challenges, particularly for teams new to Vendor Risk Management practices.
Black Kite's interface is designed around letter-grade dashboards and detailed risk findings for its range of quantification options offered. However, insights for each focused rating are not clearly segmented by audience and often bleed across the entire platform. This can make the relevance of platform insights less consistent for specialized users, even within teams.
Cyber risk data accuracy
UpGuard’s data remains current. Vendor postures refresh continuously, and users can initiate a scan on demand instead of waiting for a fixed cycle. UpGuard attributes findings accurately, so teams do not spend weeks correcting assets assigned to the wrong company, a common issue with ratings tools. Threat Monitoring scans the open, deep, and dark web, along with social media, for leaked data, exposed credentials, and brand impersonation. AI filters out noise so the alerts that reach your team are worth acting on.
The accuracy of Panorays' cyber risk insights could be improved by including technical information about sources for all identified risks
The platform gathers data from a large set of OSINT feeds and uses standards-based scoring (MITRE, NIST, Open FAIR™) to reduce false positives. However, some users note occasional duplication or outdated issues that require manual dispute or re-validation.
Vendor risk management features
UpGuard runs the complete third-party risk management (TPRM) process in one platform: onboarding, assessing, remediating, monitoring, and reporting on vendors. Each vendor’s live external exposure and any linked leaked credentials appear directly within the vendor program, so teams can act on verified risk instead of relying on paperwork. AI-powered security questionnaires read vendor evidence and complete assessments automatically, cutting completion time by up to 95%. Instant risk assessments return a point-in-time report in under a minute, mapped to frameworks like ISO 27001 and NIST CSF 2.0.
Panorays includes comprehensive Vendor Risk Management capabilities such as automated questionnaire workflows, security rating integration, and simplified onboarding management. The platform effectively manages the assessment lifecycle but falls short in providing continuous real-time vendor risk monitoring, potentially requiring supplementary solutions for deeper insights. Its questionnaire design includes numerous optional questions, which often results in vendors skipping responses, potentially weakening the overall risk assessment quality.
Although Black Kite offers document analysis features, the platform can be seen as primarily geared toward detecting and quantifying cyber risks rather than offering fully integrated VRM workflows.
Attack surface management features
UpGuard continuously monitors your internet-facing footprint. It maps assets, flags exposures such as misconfigurations, expired certificates, and open ports, and ranks remediation priorities. The UpGuard platform also detects typosquatting and lookalike domains set up to impersonate your brand before they’re used for phishing. Because attack surface monitoring runs alongside vendor and workforce risk, an exposed asset or leaked credential automatically links to the person and vendor involved. This gives teams visibility into both external exposure and vendor risk in a single view.
Panorays effectively identifies and monitors vendor external attack surfaces through periodic scanning intervals. The platform identifies exposed assets and potential vulnerabilities, supporting risk management through visibility and remediation recommendations.
Black Kite uses OSINT data spanning domain records, subdomains, SSL certificates, and more to deliver visibility into a vendor's external footprint.
Customer support
UpGuard supports every customer across all plan tiers, from the smallest plan to the largest. Support teams assist with both technical setup and larger program decisions. Customers frequently cite responsive, hands-on support as a reason they continue with UpGuard.
Some users have reported unsatisfactory customer support. Given Panorays' smaller customer base compared to other competitors, this is likely due to resource constraints.
Black Kite's users report mixed support experiences: some find support teams responsive with weekly check-ins, while others cite slower resolution times and inconsistent follow-up on false positives and duplicate findings.
Workflow automation
Risk Automations turns a risk signal into action across the platform, with no code and no engineering ticket. On the vendor side, it automates onboarding from questionnaire data, triages vendor score drops, schedules recurring vendor reports, and opens remediation tickets in ServiceNow or Jira. On the threat side, a Breach Risk detection can trigger a workflow that alerts Teams or Slack and runs a system-level fix, like blocking a malicious IP or forcing a credential reset. This is the difference between a tool that reports on risk and one that resolves it.
Panorays leverages automation effectively for vendor onboarding, questionnaire management, and security attestation workflows. Automated questionnaires streamline data collection and risk assessment processes. However, deeper integration and more advanced automation capabilities, particularly those involving continuous real-time monitoring, may necessitate additional configuration or supplemental solutions.
Black Kite's Bridge™ module lets users automate vendor outreach and gather risk data during major security events, such as global-scale data breaches.
Artificial intelligence features
UpGuard’s AI performs specific, defined tasks, rather than vague “AI-powered” work. The AI Threat Analyst sorts and scores incoming threats across your attack surface, the dark web, and social media. It clears out approximately 60% of alerts as noise, so your team only reviews what matters. The same triage logic extends to vendor and workforce signals as well. Every AI result carries a citation back to the source, so your team can verify it before acting.
Panorays utilizes AI primarily to automate and pre-fill questionnaire responses, reducing manual effort and enhancing assessment efficiency. However, including optional questionnaire items somewhat diminishes the AI's effectiveness, as incomplete vendor responses can affect overall risk visibility and the depth of insights generated.
Black Kite offers an AI-based document scanner aimed at reducing manual questionnaire reviews and accelerating compliance mapping of vendor security postures. However, connectivity to workflows supporting other assessment operations (such as requesting further evidence via questionnaires or other documentation) is not supported without integrating with a separately deployed TPRM solution.
API and integrations
A well-documented REST API and webhooks let teams pull risk data into their own tools and trigger actions programmatically, without waiting on engineering support. For no-code work, Risk Automations adds more than 100 native integrations, including Jira, ServiceNow, Microsoft Entra, Slack, and Cloudflare. A Universal API Connector Node extends its reach to any open API.
Panorays includes core integrations such as SSO and API access, particularly at higher-tier subscription levels. Additional specialized integrations or advanced API functionalities may incur extra costs. The platform offers straightforward connectivity options but may require supplemental investments for extensive customization or complex integrations.
While no exhaustive list of native integrations is publicly available, Black Kite generally supports exporting scan results to external systems.
Purchasing & licensing transparency
UpGuard publishes its pricing rather than hiding it behind a sales call. A free tier lets teams monitor up to five vendors and use Trust Exchange, UpGuard’s AI-powered questionnaire tool, at no cost. Paid Vendor Risk plans start at USD 1,750 per month, billed annually. Teams can start with one product and add others as they scale. One license covers both monitoring and assessments, so pricing doesn’t fragment across separate products.
Panorays offers a free plan for assessing up to five vendors and a full-featured free trial. However, detailed public pricing information is not disclosed, and users must contact sales directly for tailored quotes. Panorays features a complex pricing structure involving multiple service tiers (Continuous 360° Evaluation, Bi-Annual 360° Evaluation, Continuous Posture Evaluation, Bi-Annual Posture Evaluation, Smart Questionnaires), potentially complicating purchasing decisions and budget forecasting
Public pricing details are limited. Costs typically rise based on the number of monitored vendors, which can become significant for large supply chains. Some organizations report that the step up in licensing for “critical” vendors can be expensive.
Customers
UpGuard customers include Intercontinental Exchange (NYSE: ICE), Morningstar, TDK, PagerDuty, Hopin, and IAG. Read UpGuard’s customer stories to learn more.
Major customers include Avis, Arvest, Quantum, and Payoneer.
Major customers include Morgan Lewis, Healthfirst, Navy Federal, and Maersk.
G2 rating Accurate as of March 2025
More than 700 verified reviews give UpGuard a 4.5 out of 5 rating on G2. UpGuard also holds G2’s top ranking as the leader in Third-Party & Supplier Risk Management for 15 consecutive quarters. The 2026 G2 Best Software Awards recognized UpGuard as one of the Top 100 Global Software Companies. Among verified reviewers, 98% give UpGuard four- or five-star ratings, and 94% approve of its product direction.
4.3, based on 35 reviews.
Currently not rated.
Security ratings

Did you know UpGuard was voted #1 on G2 and has been for over two years?

Panorays vs Black Kite product overview

Learn more about the products and how they compare.

Overview

We assess three TPRM solutions, Panorays, Black Kite, and UpGuard, to help you make an informed decision before investing in the right solution for your needs.

Panorays Overview

Panorays is a US incorporated company operating largely in Tel Aviv, Israel. The Panorays platform helps users discover, assess, and monitor their cybersecurity risk exposure from third-party vendors in their digital supply chain.

The Panorays platform leverages third-party security ratings, security questionnaires, and remediation workflows to help customers reduce risk through improved due diligence across vendor relationships, mergers & acquisitions, and executive visibility.

Panorays UI

Panorays UI. Source: panorays.com

Black Kite Overview

Black Kite is a cyber risk rating platform that leverages open-source threat intelligence and non-intrusive cyber reconnaissance to provide information about your vendor risk at scale.

It collects a wide range of information without touching the target customer. It leverages advances in data science and machine learning to provide higher frequency and precise real-time risk assessments.

Black Kite UI

The Black Kite UI. Source: www.blackkitetech.com

UpGuard Overview

UpGuard is a third-party risk and attack surface management platform that helps global organizations prevent data breaches, monitor third-party vendors, and improve their security posture. UpGuard’s platform uses proprietary security ratings, data leak detection capabilities, and remediation workflows to proactively identify security exposures. UpGuard’s all-in-one third-party risk and attack surface management software intelligently groups risks into six categories: website risks, email security, network security, phishing & malware, reputation risk, and brand protection.

Usability and the learning curve

Minimizing the amount of time and effort in learning to use a new solution is a critical aspect of delivering on any value proposition.

  • Panorays: A fully cloud-based service with minimal installation criteria required. The Panorays platform is an easy-to-use navigation interface and reporting functionality.

  • Black Kite: Unintuitive user workflow, steep learning curve for first-time users.

  • UpGuard: High-level summation of risk with the ability to drill down into precise technical details. Each risk is prioritized based on extensive research conducted by the in-house security team, and where possible remediation and protection suggestions are provided.

Capabilities

Panorays, Black Kite, and UpGuard help organizations stay informed about their vendors’ information security risks as part of third-party risk management (TPRM) and vendor due diligence programs.

Panorays: A fully cloud-based service with minimal installation criteria required. The Panorays platform is an easy-to-use navigation interface and reporting functionality.

Black Kite: Bases its third-party risk mitigation strategies on an evaluation of each third-party vendor’s security posture, a metric quantified with a security ratings feature known as Cyber Risk Scorecard.

UpGuard: Offers real-time visibility into any third-party vendor’s risk posture & security rating along with total automation for managing vendor due diligence and remediation programs.

Community support

Keeping informed on product updates and the latest cyber security developments is paramount, with new vulnerabilities and cyber threats emerging daily.

Customers need up-to-date resources and relevant insights to stay ahead of the curve and protect their organizations from emerging cyber risks.

The frequency of publication and presence of community engagement is a key indicator of a company’s mission, focus, and investment in its users.

Panorays, Black Kite, and UpGuard offer comprehensive online resources to educate and inform customers.

Panorays: Panorays engages their user community with regular blog posts on topics covering relevant security incidents, new feature updates, and industry developments.

Black Kite: Company and product blog.

UpGuard: UpGuard Summit brings together a community of security leaders from leading companies, explores the future of security, and helps businesses stay secure.

The UpGuard cybersecurity and risk management blog is updated four times a week and the breach research blog has uncovered and secured some of the largest data breaches.

Keeping customers and the cybersecurity community informed on the latest cyber security developments is paramount, with new vulnerabilities and threats emerging daily.

Release rate

Technology is always changing. New vulnerabilities are added to CVE on a daily basis, and attackers are constantly finding new zero-day exploits.

The speed at which a security platform can incorporate changes determines how well it can respond to new threats and customer requests.

Additionally, they should continue to update, adjust, and improve their threat detection methodology to reflect changes to the threat landscape.

  • Panorays: Panorays’ support pages do not currently appear to document release notes about changes to the platform’s functionalities.
  • Black Kite: The release model for Black Kite is unknown.
  • UpGuard: UpGuard has adopted DevOps principles internally to develop, test, and release software continuously, ensuring fast, consistent, and safe releases. UpGuard has a regular release rate every two weeks, with all features, changes, and improvements listed under UpGuard Release Notes.

Pricing and support

Cyber risk platforms can be expensive and the common use of opaque pricing policies often takes power away from the purchaser. With most services offering tiered licensing options and add-ons, finding a solution that fits your needs and budget can prove more difficult without transparent pricing.

  • Panorays: Public-facing pricing is not available. Prospective customers must engage with a Panorays representative to receive pricing quotes for different subscription tiers, with higher tiers allowing for a greater number of monitored vendors and customer users. View esimates of Panoray’s costs.
  • Black Kite: Public pricing information is not available. View estimates of Black Kite’s pricing details.
  • UpGuard: UpGuard has a fully transparent and publicly accessible pricing model which you can view here. If you have any questions, please email sales@upguard.com.

API and extensibility

APIs are useful for technical staff, but not all information security teams have access to developers. In this situation, standard third-party integrations are an essential part of decision-making.

Panorays, Black Kite, and UpGuard offer APIs.

  • Panorays: Offers a JSON-based REST API, that customers can use to build the connections needed to transmit Panorays elements into third-party applications.
  • Black Kite: Public pricing information is not available.
  • UpGuard: Offers a standard API to pull data from UpGuard’s platform into other enterprise applications.

Third-party integrations

Accessing the information in a cyber risk product outside of its graphical interface is important for integrated business strategies and consolidating data to a preferred system.

Panorays, Black Kite, and UpGuard offer integrations into other platforms.

Customers

  • Panorays: Features most of their customers as belonging in the mid-market segment, such as Mixpanel, WalkMe, and Zerto.
  • Black Kite: Customers include Polk & Wardwell, LLP, a Fortune 500 retailer, and an OTC financial institution.
  • UpGuard: Major customers include Accenture, New York Stock Exchange, Tech Mahindra, IAG, Hopin, NSW Government, and Morningstar.

Security rating

  • Panorays: Security rating scale of 0-100, ranked as Bad, Poor, Fair, Good, or Excellent
  • Black Kite: Provides a risk rating from A to F, like a report card.
  • UpGuard: Security rating scale of 0-950, ranked as A: 801-950, B: 601-800, C: 401-600, D: 201-400, F: 0-200. You can request your free security rating by clicking here.

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